Wiley IFRS 2016

Accurately understand and implement the latest IFRS updates Wiley IFRS 2016 is your one-stop resource for understanding and implementing the current International Financial Reporting Standards as dictated by the International Accounting Standards Board (IASB). Fully updated to cover the latest standards and IFRIC interpretations, this book provides clear and concise explanation alongside practical implementation guidance. The information is organized by topic for ease of navigation, making it ideal for both quick reference and in-depth study, with general statement guidance followed by topic-specific discussion. The Disclosure Checklist helps you ensure full compliance at a glance, and advice for first-time adopters helps smooth the initial implementation process. The goal of the International Accounting Standards Board is to achieve global convergence of accounting standards, which will lead to uniformity in financial reporting around the world. Annual updates to the IFRS are a part of these efforts, so staying up to date is an essential part of compliance. This informative guide is your ideal reference, with the latest 2016 updates and practical advice. Understand the framework that unifies the IFRS Interpret and apply the standards correctly Verify compliance and completeness Get expert guidance on implementing the new and updated standard More and more countries around the globe are either adopting IFRS as their national standards, or adapting existing local standards to more closely align with those set by the IASB. Uniform reporting reduces the cost of financial statement preparation for multinational companies, and facilitates the jobs of investment analysts, investors, and others in assessing business results. Wiley IFRS 2016 gives you the explanation, interpretation, and practical guidance you need to ensure full compliance.

Auteur

PKF International is a global network of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment.
With offices in 440 cities, PKF operates in 150 countries across 5 continents and specialises in providing high quality audit, accounting, tax, and business advisory services to international and domestic organisations in all of their markets.
PKF International member firms have an aggregate fee income of $2.52 billion, and the network is a member of the Forum of Firms - an organisation dedicated to consistent and high quality standards of financial reporting and auditing practices worldwide.

Texte du rabat

Your Indispensable Guide to IFRS Compliance

International Financial Reporting Standards (IFRS) are now in use in over 120 jurisdictions worldwide, including the European Union and most countries in Asia, the Middle East and South America. In the United States companies have been permitted to use them by the Securities and Exchange Commission since 2007.

With further refinements to IFRS by the International Accounting Standards Board (IASB) resulting in changes on a yearly basis, and given the now virtually unstoppable momentum worldwide to adopt (or, in some cases, adapt) IFRS, mastery of this knowledge is a necessity for all preparers of financial statements.

Wiley IFRS 2016 provides a complete and up-to-date explanation of all IFRS requirements, coupled with examples of how to apply the rules in complex, real-world situations. It can be used to train accounting staff, and to serve as a reference guide during the implementation of IFRS and preparation of IFRS-based financial statements. Wiley IFRS 2016 is equally valuable for preparers, auditors, and users of financial reports.

Key concepts are illustrated throughout, using worked examples and selections from actual published financial statements and integrated discussions of major ongoing IASB projects that may have significant impact on readers' responsibilities over the coming year.

Résumé
Accurately understand and implement the latest IFRS updates Wiley IFRS 2016 is your one-stop resource for understanding and implementing the current International Financial Reporting Standards as dictated by the International Accounting Standards Board (IASB). Fully updated to cover the latest standards and IFRIC interpretations, this book provides clear and concise explanation alongside practical implementation guidance. The information is organized by topic for ease of navigation, making it ideal for both quick reference and in-depth study, with general statement guidance followed by topic-specific discussion. The Disclosure Checklist helps you ensure full compliance at a glance, and advice for first-time adopters helps smooth the initial implementation process. The goal of the International Accounting Standards Board is to achieve global convergence of accounting standards, which will lead to uniformity in financial reporting around the world. Annual updates to the IFRS are a part of these efforts, so staying up to date is an essential part of compliance. This informative guide is your ideal reference, with the latest 2016 updates and practical advice.

• Understand the framework that unifies the IFRS
• Interpret and apply the standards correctly
• Verify compliance and completeness
• Get expert guidance on implementing the new and updated standard More and more countries around the globe are either adopting IFRS as their national standards, or adapting existing local standards to more closely align with those set by the IASB. Uniform reporting reduces the cost of financial statement preparation for multinational companies, and facilitates the jobs of investment analysts, investors, and others in assessing business results. Wiley IFRS 2016 gives you the explanation, interpretation, and practical guidance you need to ensure full compliance.

Contenu
About the Authors vii 1 Introduction to International Financial Reporting Standards 1

2 Conceptual Framework 27

3 Presentation of Financial Statements 41

4 Statement of Financial Position 61

5 Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity 77

6 Statement of Cash Flows 97

7 Accounting Policies, Changes in Accounting Estimates, and Errors 115

8 Inventories 135

9 Property, Plant and Equipment 153

10 Borrowing Costs 187

11 Intangible Assets 195

12 Investment Property 223

13 Impairment of Assets and Non-Current Assets Held for Sale 237

14 Consolidations, Joint Arrangements, Associates and Separate Financial Statements 261

15 Business Combinations 313

16 Shareholders' Equity 369

17 Share-Based Payment 391

18 Current Liabilities, Provisions, Contingencies and Events After the Reporting Period 421

19 Employee Benefits 453

20 Revenue Recognition, Including Construction Contracts 477

21 Government Grants 511

22 Leases 523

23 Foreign Currency 577

24 Financial Instruments 607

25 Fair Value 735

26 Income Taxes 765

27 Earnings Per Share 801

28 Operating Segments 819

29 Related-Party Disclosures 839

30 Accounting and Reporting by Retirement Benefit Plans 853

31 Agriculture 861

32 Extractive Industries 875

33 Accounting for Insurance Contracts 885

34 Interim Financial Reporting 895

35 Hyperinflation 917

36 First-Time Adoption of International Financial Reporting Standards 927

Index 959